550 15th Street, San Diego, California 92101, San Diego, 92101 - 0 bed, 1 bath
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550 15th Street
San Diego, California 92101
ACTIVE
CONDITION: GOOD
0Beds
1Baths
726Sq Ft
0Lot Size
Property Price
LIST PRICE$412,990
EST. MARKET VALUE
$420,743
SUMMARY
This Top-Floor Penthouse-Style Studio is a Strong Value Opportunity, listed at $412,990—positioned well below the $420,744 Fair Market Value by 2%. This valuation gap offers $7,754 in Instant Equity. Featuring a Good Condition Rating, the unit includes a Granite Kitchen, In-Unit Laundry, and City Skyline Views. With a Walk Score of 92 in East Village, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-privacy, urban lifestyle.
Estimated Market Value
$420,743
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 550 15th Street Subject 0 bd · 1 ba · 726 sqft · $580 | $412,990* List Price | 0 | 1 | 726 | $580 | - |
A 206 Park 313 Sold 1 bd · 1 ba · 694 sqft · $555 · 0.3 mi | $385,000 | 1 | 1 | 694 | $555 | 0.3 mi |
B 1480 Broadway 2308 Sold 1 bd · 1 ba · 710 sqft · $542 · 0.3 mi | $385,000 | 1 | 1 | 710 | $542 | 0.3 mi |
C 1080 Park Blvd 211 Sold 2 bd · 1 ba · 731 sqft · $595 · 0.4 mi | $435,000 | 2 | 1 | 731 | $595 | 0.4 mi |
D 875 G St. 707 Sold 1 bd · 1 ba · 678 sqft · $686 · 0.4 mi | $465,000 | 1 | 1 | 678 | $686 | 0.4 mi |
E 527 10th Ave 302 Sold 0 bd · 1 ba · 883 sqft · $578 · 0.3 mi | $510,000 | 0 | 1 | 883 | $578 | 0.3 mi |
F 206 Park Boulevard 602 Sold 1 bd · 1 ba · 696 sqft · $575 · 0.3 mi | $400,000 | 1 | 1 | 696 | $575 | 0.3 mi |
G 1080 Park Blvd 913 Sold 0 bd · 1 ba · 731 sqft · $520 · 0.4 mi | $380,000 | 0 | 1 | 731 | $520 | 0.4 mi |
H 525 11th Avenue 1306 Sold 1 bd · 1 ba · 754 sqft · $659 · 0.2 mi | $497,000 | 1 | 1 | 754 | $659 | 0.2 mi |
I 1150 J St 614 Active 1 bd · 1 ba · 735 sqft · $578 · 0.2 mi | $425,000 List Price | 1 | 1 | 735 | $578 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, the property is approximately 18-20 years old, placing it squarely in the 'Good' category. The kitchen and bathrooms feature original but well-maintained granite countertops, stainless steel appliances, and dual sinks. The unit is move-in ready with functional systems including in-unit laundry and AC.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Privacy and Layout
As a top-floor corner unit with no shared walls and vaulted ceilings, this property offers a rare 'penthouse' feel and level of privacy seldom found in downtown studio configurations.
- Prime Urban Walkability
With a Walk Score of 92, the residence is situated in the heart of East Village, providing immediate access to Petco Park, the Gaslamp Quarter, and premier dining and transit options.
- Premium Unit Amenities
The unit is well-equipped with modern essentials including in-unit laundry, dual bathroom sinks, air conditioning, and a coveted underground gated end-spot parking space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 726, other record living area = 884.
- High Association Fees
The monthly HOA fee of $616 is relatively high for a studio unit, which may impact the overall affordability and monthly carrying costs for potential buyers.
- Studio Market Limitations
Despite the generous 726 square footage, the lack of a separate bedroom may limit the property's appeal to a specific buyer demographic and could affect long-term resale flexibility.
About 550 15th Street
Top floor corner studio at the Element Building in the heart of East Village with the privacy of a penthouse. No shared walls, no one above you, and vaulted ceilings that open up the 726 sq ft layout. This unit comes equipped with granite countertops, in-unit washer and dryer, dual bathroom sinks, air conditioning, large closets, and one underground gated parking space (end spot). Building amenities include a fitness center and a courtyard with barbecue and seating areas. Situated in one of downtown San Diego's most walkable neighborhoods with a Walk Score of 92, just steps from Petco Park, the Gaslamp Quarter, restaurants, and public transit. Whether you're looking for a primary residence or an investment opportunity, this unit offers a rare combination of location, privacy, and value.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- -
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $616.0 / Month
Neighborhood Insights
San Diego Unified Schools
Sherman Elementary School
Grades K-5 • 0.4 mi
5/10
Burbank Elementary School
Grades K-5 • 1.0 mi
3/10
Washington Elementary School
Grades K-5 • 1.3 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 726 | 1,018.142 |
| Lot Size | - | 75,257.211 |
| Price | $413.0K | $598.4K |
| Price per sq ft | $569 | $607 |
| Built year | 2006 | 1986 |
| HOA | $616.0 | $536 |
| Days on market | 10 | 58 |
Pricing History
Listed for Sale
Oct 15, 2026
$412,990
Initial Listing
Sold
Apr 8, 2025
$490,000
Public Record
Sold
Mar 30, 2016
$360,000
Public Record
Sold
Sep 28, 2012
$185,000
Public Record